Kirby Daley

Kirby Daley News

China declared victory over rapid population growth as the release of its decennial census signaled the focus will turn to managing the impact of a faster- than-expected rise in the number of older people.

Tenaga Nasional Bhd. (TNB MK), Malaysia’s biggest power producer, said profit in the second quarter ended Feb. 28 fell 37 percent from a year earlier to 630.3 million ringgit after coal costs increased.

None of Japanese Prime Minister Naoto Kan ’s four predecessors lasted more than a year in office. He may be set to avoid a similar fate as the country’s strongest earthquake and a nuclear crisis rule out the likelihood of an early election.

The yen fell the most since 2008 versus the dollar and equities rose, with the Nikkei 225 Stock Average paring its weekly drop, after central banks intervened to weaken Japan’s currency. Oil paced a gain in commodities.

Yukio Edano followed Prime Minister Naoto Kan through the creation of a political party in 1996 and the ascent of their Democratic Party of Japan to power 18 months ago. Now, as Japan faces its worst crisis since World War II, he embodies Kan’s strategy of transparency.

Chris Redl , a former fund manager at Och-Ziff Capital Management Group LLC, plans to start a long- short hedge fund in April that will invest in Japan’s most traded companies such as Toyota Motor Corp. and Canon Inc.